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CLIENT NEWS: Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall

April 29, 2024

As questions swirl about the future of Michael Stern’s Brooklyn supertall, the developer appears to be all in on Miami. Stern’s JDS Development Group paid $61.2 million for the half-acre site at 888 Brickell Avenue, where the firm plans a Dolce & Gabbana-branded condo-hotel tower, property records show. A company tied to Grupo Mezerhane, led by Mashud Mezzerhane, sold the site, according to records and real estate database Vizzda. New York-based JDS has been in contract for years to acquire[...]

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CLIENT NEWS: MG Developer Could Replace 20 homes in Hialeah with Apartment Complex

February 28, 2023

MG Developer wants to replace a full block of 20 single-family homes in Hialeah with an apartment complex. The City Council will consider a land use amendment for the 3.84-acre site a block west of the Hialeah Tri-Rail/Metrorail Transfer Station on Feb. 28. It covers 901 to 983 East 26th Street and 906 to 990 East 27th Street. Metro Parc Hialeah II LLC, an affiliate of Coral Gables-based MG Developer, has acquired 14 of the 20 homes there. It’s negotiating[...]

CLIENT NEWS: Related, BH unveil plans for Icon Aventura

February 28, 2023

Related Group and BH Group submitted a site plan for their joint venture’s proposed mixed-use project in Aventura. The developers plan Icon Aventura as a 26-story tower with 308 apartments, 12,000 square feet of ground-floor retail and a garage on a 4-acre development site at 2999 Northeast 191st Street, according to an application submitted to the city of Aventura. The assemblage includes an existing office building, Aventura View, that Related and BH plan to renovate. The partnership paid $51 million for[...]

CLIENT NEWS: North Miami Beach food market site could be replaced with 3 towers

February 28, 2023

The former home of Laurenzo’s Italian Market in North Miami Beach could be redeveloped into a mixed-use project with three towers. May NMB LLC, an affiliate of Lakewood, New Jersey-based Accurate Builders, filed a municipal pre-application with Miami-Dade County concerning the 3.03-acre site at 16445 and 16385 W. Dixie Highway, plus 2255 N.E. 164th St. The site currently has 52,120 square feet of commercial space, mostly the old market. Laurenzo’s Italian Market closed in 2019 after 69 years in business.[...]

CLIENT NEWS: Tech Entrepreneur Plans Elementary School Expansion in Miami Beach

February 27, 2023

A private elementary school in Miami Beach is looking to expand along Washington Ave. John D. Marshall, founder of the mobile security company AirWatch, is seeking approval to build a four-story building to house upper elementary and middle school grades of the Basecamp 305 school, according to filings made to the Miami Beach Historic Preservation Board. The investor, who sold AirWatch for $1.17 billion in 2014, founded the private institution so his children could go to school close to where[...]

CLIENT NEWS: Intervest Seeks to Convert Historic Miami Beach Rental into Hotel

February 27, 2023

An Oklahoma-based investor wants to convert a historic apartment building in Miami Beach into a boutique hotel, according to a filing with the city’s Historic Preservation Board. The Mediterranean Revival-style building, located a block south of the Bass Museum at 337 20th Street, was constructed in 1926 and today functions as a 56-unit rental property. Intervest Properties is seeking approvals to turn the 34,979-square-foot building into a 76-room hotel, eight years after paying $11.8 million for it. The proposed plans[...]